Kathryn Chou Sells 2,757 Shares of IonQ (NYSE:IONQ) Stock

IonQ, Inc. (NYSE:IONQ) Director Kathryn Chou sold 2,757 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.02, for a total value of $151,690.14. Following the completion of the sale, the director owned 62,608 shares in the company, valued at $3,444,692.16. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

IonQ Price Performance

Shares of IONQ opened at $57.61 on Wednesday. The business has a 50-day moving average of $54.19 and a 200-day moving average of $45.10. The company has a market capitalization of $21.50 billion, a price-to-earnings ratio of -205.75 and a beta of 3.18. IonQ, Inc. has a 1 year low of $25.89 and a 1 year high of $84.64.

IonQ (NYSE:IONQ) last released its earnings results on Wednesday, May 6th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.08). IonQ had a net margin of 174.88% and a negative return on equity of 23.20%. The firm had revenue of $64.67 million for the quarter, compared to analyst estimates of $49.75 million. During the same period in the prior year, the company posted ($0.14) EPS. The business’s revenue for the quarter was up 754.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that IonQ, Inc. will post -2.26 EPS for the current year.

IonQ News Roundup

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Trump’s executive orders on quantum computing and post-quantum cryptography position IonQ to potentially benefit from federal funding, partnerships, and policy support. Article link
• Positive Sentiment: Northland Securities raised its price target on IonQ to $70 and reiterated an outperform rating, reinforcing bullish analyst sentiment. Article link
• Positive Sentiment: Investors are reacting to IonQ’s recent product momentum and broader growth narrative, including its quantum security launch and expanding full-stack strategy. Article link
• Neutral Sentiment: Shareholder voting was mixed, with board approval but some pushback on pay, making the governance update neither clearly positive nor negative. Article link
• Negative Sentiment: Several analysts and market commentators warned that IonQ’s valuation is rich and that higher costs, execution risk, and macro pressure could limit near-term upside. Article link
• Negative Sentiment: Recent insider sales by directors and an executive may create some caution, even though the transactions were not large relative to IonQ’s size. Article link

Analyst Upgrades and Downgrades

A number of brokerages have commented on IONQ. Northland Securities upped their price target on shares of IonQ from $55.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday. Wedbush reissued an “outperform” rating and issued a $60.00 price objective on shares of IonQ in a research report on Monday, May 4th. JPMorgan Chase & Co. boosted their price objective on IonQ from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Jefferies Financial Group set a $85.00 target price on IonQ in a research report on Thursday, May 7th. Finally, Weiss Ratings raised IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.88.

Hedge Funds Weigh In On IonQ

A number of institutional investors have recently modified their holdings of IONQ. Ameriflex Group Inc. increased its stake in IonQ by 485.7% during the 3rd quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock valued at $25,000 after purchasing an additional 340 shares in the last quarter. Beaird Harris Wealth Management LLC lifted its stake in shares of IonQ by 117.4% in the third quarter. Beaird Harris Wealth Management LLC now owns 500 shares of the company’s stock valued at $31,000 after buying an additional 270 shares in the last quarter. Accent Capital Management LLC grew its holdings in shares of IonQ by 171.8% during the fourth quarter. Accent Capital Management LLC now owns 587 shares of the company’s stock valued at $26,000 after buying an additional 371 shares during the last quarter. Kelleher Financial Advisors acquired a new position in shares of IonQ during the third quarter valued at about $36,000. Finally, Fortitude Family Office LLC increased its position in shares of IonQ by 3,800.0% during the fourth quarter. Fortitude Family Office LLC now owns 624 shares of the company’s stock worth $28,000 after acquiring an additional 608 shares in the last quarter. 41.42% of the stock is owned by institutional investors and hedge funds.

About IonQ

IonQ, Inc engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft’s Azure Quantum, and Google’s Cloud Marketplace, as well as through its cloud service. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.